Is it me, or does it seem like there’s been an uptick in the number of national retailers expanding into the Treasure Valley? It seems that each week, there are rumblings of another store with plans to open, which obviously is music to my ears as a reporter who covers construction, real estate and development.
Most recently, the Idaho Business Review broke news that Kohl’s will be opening in the Boise Towne Square Mall. This is promising, because its rumored new location, at the former Mervyn’s, is another example of perhaps the economy turning around, and businesses looking to occupy vacant retail spaces.
The same goes for Nordstrom Rack, which is also looking at space near the mall, and JCrew, which is in the process of renovating a current space in the mall. Besides those Boise developments, Ulta Beauty is also set to occupy space near Best Buy in the Treasure Valley Marketplace in Nampa.
Maybe it’s coincidence that all four of these chains happened to set sights on Idaho at the same time, but I think it’s more than that. In talking to industry sources, it seems that 2011, could be the year of noticeable change in terms of the economy shaping up. No, it will likely never return to post-recession levels, but even these small signs, are offering a bit of encouragement.
I have a feeling there are going to be plenty more announcements, expansions and new developments popping up across the state this year, to which I say, “bring it on!”